PayU and Computop have announced a partnership that will provide South African retailers with payment solutions for high growth international markets.
90 percent of the global population under 30 years of age is living in emerging markets. With eCommerce in developing economies growing twice as fast as in most developed markets, this partnership helps retailers to capitalise on these growth opportunities and expand their online and mobile business into multiple regions, including India, Latin America, Central and Eastern Europe, Russia and further into Africa.
PayU has a wide presence with operations in 16 markets across the world. The company offers more than 250 payment options relevant to these markets and their collective consumer base of more than 2.3 billion people, including credit cards, bank transfers, cash payments and e-wallets. Computop Paygate is a PCI certified payment platform that provides multichannel retailers, banks and other industries with secure payment solutions and efficient fraud prevention for international markets. With this partnership, PayU’s solution will be integrated into Computop Paygate, enabling Paygate customers to extend their reach into new countries.
Noteworthy statistics regarding some of these high growth markets include:
· 83% of consumers in Africa plan to conduct mobile commerce in the next 12 months, and the continent is expecting far greater GDP growth compared to established markets. Nigeria is growing at 2.8% compared to Europe’s 1.6%.
· India is expected to have 500 million Internet users by end of 2016, with more people coming online in India in the next 15 years than in any other country. eCommerce in India is expected to grow to $100 billion USD by 2020.
· Latin America is expecting far greater GDP growth compared to Europe over the next five years.
· One in four Internet users in Poland already shops online and plans to increase the amount of money they spend online making Poland and Czech Republic among the top five most important markets for eCommerce in Europe (alongside the UK, France and Germany).
· Central and Eastern Europe as a whole is seeing steady GDP growth at nearly double the rate of its neighboring countries to the west.
• Russia provides access to 31 million e-consumers with strong potential for further growth.
Particularly beneficial to retailers is the fact that they only need to connect to Computop Paygate once to be able to have access to the markets PayU offers. It does not require separate integrations to conduct business online in these markets.
“This exciting partnership allows South African retailers to benefit from processing payments easily and cost-effectively in other high growth markets by enabling merchants to offer all of the payment options that match consumer behaviours in each of these markets,” says Karen Nadasen, Country Manager of PayU South Africa. “Customers can now benefit from the local support and deep knowledge we offer along with the security and fraud prevention they can trust from Computop Paygate,”
“To be successful globally, the payment solutions that retailers offer need to address the specific needs of local consumers in their target markets,” said Andre Malinowski, Head of International Business at Computop. “We have a long, established track record of helping retailers successfully grow their businesses in Europe, North America and China. Through our partnership with PayU, we are able to offer our customers the opportunity to expand further into new, emerging markets by offering the payment options that consumers in these markets prefer and trust. Computop Paygate now provides retailers access to over 250 secure payment methods and acquirers worldwide, in addition to top-notch fraud prevention functionality, to safely conduct business on a truly global scale.”
CES: So long, and thanks for all the beer!
Last week, the Las Vegas expo showed off its fun side with state-of-the-art technologies for enjoying beer, writes BRYAN TURNER
From craft beer-making machines to robots that pour beer, CES had more beer than usual in Las Vegas last week. And even free beer if you found the right stand. Stampede’s saloon-style booth offered beer to visitors who tried out its latest drones, virtual reality, and other gaming products. No beer tech, though.
Here are some of the beer technologies that stood out:
LG HomeBrew – Craft beer made at home
LG’s HomeBrew craft beer-making machine, debuted at CES 2019, brings the brewing process home thanks to single-use capsules, a self-cleaning feature, and an algorithm optimised for fermentation.
Like a Nespresso coffee machine, the beer maker uses capsules, which contain malt, yeast, hop oil and flavouring. At the press of a button, LG HomeBrew automates the whole procedure from fermentation and carbonation to ageing. A companion app lets users check HomeBrew’s status at any time during the process, from their handsets.
The beer machine not only offers a simple way to make craft
Designed with discerning beer lovers in mind, HomeBrew allows for in-home production of batches of more than 4 litres of beer in a variety of styles. The following five distinctive, flavoured beers are available now:
- Hoppy American IPA
- Golden American Pale Ale
- Full-bodied English Stout
- Zesty Belgian-style Witbier
- Dry Czech Pilsner
The only catch? It takes about two weeks to make, depending on the beer type.
“LG HomeBrew is the culmination of years of home appliance and water purification technologies that we’ve developed over the decades,” said Dan Song, president of LG Electronics Home Appliance & Air Solutions Company. “Homebrewing has grown at an explosive pace, but there are still many beer lovers who haven’t taken the jump because of the barriers to entry, like complexity, and these are the consumers we think will be attracted to LG HomeBrew.”
Click here to read about the party speaker that holds beer and robots that pour beer.
CES: Alienware gets Legend-ary
At CES in Las Vegas last week, Dell’s Alienware released a family of high-end, thin, light, and affordable machines for both amateur and professional gamers – and a new identity.
Alienware marked CES 2019 as a brand milestone with the debut of a new design identity, Alienware Legend. It aims to set a new bar of excellence for what gamers want most – performance and function. Alienware says it evaluated multiple concepts and chose one that was the biggest and boldest departure from its current look.
Alienware Legend, says the company, stays true to the brand’s core design tenets, taking cues from its deep roots in sci-fi culture and its early industrial designs, to distinguish the brand from the rest of the industry. The new Legend design is optimised with cutting-edge thermal cooling technology to achieve and sustain overclocking power, improved AlienFX lighting, and ultra-thin screen borders. It also unveiled a new “three-knuckle hinge” design that reduces the overall dimension while creating a stronger assembly, all combining to yield a better gaming experience.
“We’re excited to come to this year’s CES with some truly groundbreaking products, next-gen software and strategic partnerships that will bring more people to experience PC gaming and advance the industry,” said Frank Azor, vice president and general manager of Alienware. “The legend design answers the call for more and better from our gaming community, and the new G Series laptops will make PC gaming even more accessible to those looking for high-performance gaming at a cost they can appreciate.”
Click here to read about Alienware Legend in action with the Area-51m and m-series laptops